The Town of Palmer appointed a Citizens' Casino Study Committee that determined the ANNUAL cost to host Mohegan Sun would be:
$18 MILLION to $39 MILLION
not including the estimated $50 MILLION to bring water from the Quabbin.
Paul Burns prevented that report from becoming public and refused to protect his community. Voters made that clear!
Let's not pretend!
The entire Casino Industry employs whatever tactics to recover their 'FREE LOANS.'
The Business Model of the Casino Industry depends on created NEW Gamblers and creating NEW Gambling Addicts. Local LOW ROLLERS will support Suffolk Downs/Mohegan Sun's Folly. No 'high rollers' will venture forth. The Surrounding Communities will bear the burden as discretionary income is sucked from families.
http://middlebororemembers.blogspot.com/search?q=watanabe
It's time to REPEAL THE CASINO DEAL!
....given Mohegan's history with making questionable loans to vulnerable seniors and then trying to seize their property ( and unusual practice in the industry) should anyone vote in favor or Mohegan for any license anywhere in Mass?
Press Release: Mohegan Sun predatory practices
Contact: Paul Burns Palmer Town Councilor ...
Date: 2-12-2014
For Immediate Release
Recent media reports that Mohegan Sun loaned more than $36,000.00 to an 80 year old retiree with income of only $640.00 a month are mind boggling. Worse still are reports that Mohegan Sun then had a lien placed on his property including interest and fees of more than $5,100.00, an amount equal to two thirds of this gentlemen’s annual income.
Press Release: Mohegan Sun predatory practices
Contact: Paul Burns Palmer Town Councilor ...
Date: 2-12-2014
For Immediate Release
Recent media reports that Mohegan Sun loaned more than $36,000.00 to an 80 year old retiree with income of only $640.00 a month are mind boggling. Worse still are reports that Mohegan Sun then had a lien placed on his property including interest and fees of more than $5,100.00, an amount equal to two thirds of this gentlemen’s annual income.
Had this information been available to me during the time they were in Palmer I would not have supported their application in any way. Loaning $36,000.00 to someone who’s income was far below the poverty level guarantees that Mohegan Sun knew there was no way to collect on that debt short of taking his property.
THE INFORMATION WAS AVAILABLE TO ANYONE WHO CONDUCTED THEIR DUE DILIGENCE!
I strongly support Attorney General Coakley’s proposal to make this practice illegal. While this is clearly not the practice for most casino operators Mohegan Sun has demonstrated beyond a doubt that they can and will use tactics that amount to bullying to pad their bottom line. I urge the House and Senate to act quickly to ensure that such legislation is passed to prevent companies like Mohegan Sun from employing such underhanded practices here in Massachusetts.
Until such legislation is passed, I urge the Gaming Commission to require all applicants to commit to ensuring that they will lend only to credit worthy applicants and will never place liens on a person’s primary residence. While it is clear that few in the gaming industry use such aggressive tactics that fact that any do begs the question as to their suitability for a gaming license. The voters of Revere should consider this bad behavior when voting on Mohegan Sun’s agreement. Mohegan Sun has a clear history of predatory practices; to assume that they will be different here in Massachusetts would be silly.
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